Divine Power Energy Limited — Others, 31-05-2025: Shareholders meeting

Divine Power Energy Limited has announced a board meeting to consider two major actions. It plans a preferential issue of up to 12 lakh equity shares at Rs. 136 each to raise Rs. 16.32 Cr from investor Mr. Jitendra U. Mamtora, increasing his stake to 4.8%. The funds will support long-term working capital and general corporate needs. Additionally, the company proposes amending its Memorandum of Association to allow providing loans, guarantees, or security and making investments in securities, boosting financial flexibility for growth. These moves aim to strengthen capital and operational capacity.